Is Bitcoin (BTC) Truly More Scarce Than Gold? CNBC Weighs In

CNBC has recently highlighted the potential for Bitcoin (BTC) to make history as the first asset to be more scarce than gold. Discussing its positive performance in recent days, CNBC has stated that Bitcoin BTC is set to become the first asset in history that is “more scarce than gold.” This follows a period of notable price surges for the cryptocurrency.

As Bitcoin (BTC) surpassed the critical $43,000 level and even briefly crossed the $44,000 mark several times in the last 24 hours, CNBC’s Fast Money trader and Bitcoin rose to a new all-time high on Wednesday, breaking its January record. In a recent segment on CNBC, the ongoing discussion around Bitcoin and its upcoming halving took center stage. The network highlighted a significant development: Is Bitcoin (BTC) more scarce than Gold? CNBC has stated that Bitcoin is the first asset in history that is “more scarce than gold.”

Understanding Bitcoin Scarcity: The Stock-to-Flow (S2F) Model

The program discussed the Bitcoin's inherent scarcity. Kelly explains the scarcity using Bitcoin’s stock-to-flow (S2F) ratio, a model created by popular BTC analyst PlanB. The ratio is calculated by dividing Bitcoin’s circulating supply by its annual production. This model attempts to quantify the scarcity of an asset, with higher ratios indicating greater scarcity.

The assertion that CNBC Bitcoin (BTC) is the first asset more scarce than gold centers around this increasing S2F ratio, particularly in light of Bitcoin's programmed halving events which reduce the rate at which new Bitcoins are mined. This makes it a crucial point for investors to consider. Stay updated with CNBC for the latest Bitcoin (BTC) news and analysis.